Politicaleconomy, then, studies the mechanism of human activity in organizing material, and the mechanism of distributing the surplus or deficit that is the result of that activity.

Politicaleconomy, because it is concerned with a view of underlying reality, is often required to be multi-disciplinary in its approach.

Ecology is often involved in politicaleconomy, because human activity is one of the single largest effects on the environment, and because it is the suitability of the environment for human beings which is one of the central concerns of most human beings.

PoliticalEconomy by J.C.L. Simonde de Sismondi 1815 Chapter 1 Objects and Origins of the Science Politicaleconomy is the name given to an important division of the science of government.

In its present sense economy denotes the preservative, administrative, and the management of property; and it is because we use the somewhat tautological phrase domestic economy for the management of a private fortune, that we have come to use the phrase politicaleconomy for the management of the national fortune.

Political writers and legislators have uniformly viewed them with a favourable eye; their leases have ceased to be limited in time to a small number of years, and hence farmers have issued from a more elevated class of society.

Leading journals are filled with articles on the ''politicaleconomyof'' one economic phenomenon or another; specialty journals have been started; conferences on a specific economic issue typically have at least one paper on the politics of the issue, not to mention numerous conferences devoted solely to politicaleconomy.

Politicaleconomy thus begins with the observation that actual policies are often quite different from ''optimal'' policies, the latter defined as subject to technical and informational, but not political, constraints.

In contrast, in politicaleconomy, a main focus is often the endogenous determination of the objective that is to be implicitly maximized.

www.pupress.princeton.edu /chapters/s6819.html (7027 words)

CATHOLIC ENCYCLOPEDIA: Political Economy(Site not responding. Last check: 2007-10-22)

CIENCE OF Politicaleconomy (Greek, oikonomia -- the management of a household or family, politike -- pertaining to the state) or economics (ta oikonomika -- the art of household management) is the social science which treats of man's activities in providing the material means to satisfy his wants.

Economy originally meant the management and regulation of the resources of the household; that is, of the immediate family with its slaves and dependents.

Adam Smith (1723-90), "the father of politicaleconomy" was a result of the combination of both the English and the French currents.

www.newadvent.org /cathen/12213b.htm (2742 words)

Learn more about Political economy in the online encyclopedia.(Site not responding. Last check: 2007-10-22)

The term politicaleconomy originally meant the study of the conditions that determined the relative wealth or poverty of polities (e.g.

In the 19th century liberal theorists argued that the state should not regulate the market; that politics and markets operated according to different principles; and that politicaleconomy should be replaced by two separate disciplines, Political science and Economics.

Notable thinkers have opposed this liberal tradition: Karl Marx (who rejected the conceptual distinction between politics and economics) and John Maynard Keynes (who rejected the institutional separation of politics and economics); their followers often favor "politicaleconomy" as a way of bringing politics and economics back together.

www.onlineencyclopedia.org /p/po/political_economy.html (424 words)

Political Economy Primer(Site not responding. Last check: 2007-10-22)

PoliticalEconomy is a study of the natural laws governing the production and distribution of wealth.

It refers to the "economy" of a community, a larger geographical unit, or a nation-state- in contrast to the "economy" of an individual or a household.

Politicaleconomy is not a set of dogmas but the relationship of a set of facts.

Secondly, The confounding the Science of PoliticalEconomy with the Sciences and Arts to which it is subservient, has seduced Economists sometimes to undertake inquiries too vague to lead to any practical results, and sometimes to pursue the legitimate objects of the Science by means unfit for their attainment.

To their extended view of the objects of PoliticalEconomy is to be attributed the undue importance which many Economists have ascribed to the collection of facts, and their neglect of the far more important process of reasoning accurately from the facts before them.

Ricardo's Principles of PoliticalEconomy, is deformed by a use of words so unexplained, and yet so remote from ordinary usage, and from that of other writers on the same subject, and frequently so inconsistent, as to perplex every reader, and not unfrequently to have misled the eminent writer himself.

These nonmaterialist explanations of the international politicaleconomy emphasize states' purposes and choice of goals, which their proponents see as fundamental to states' behavior.

Domestic political explanations of the international politicaleconomy also focus on the definition of states' purposes, but they tend to emphasize political processes and examine the way that national interests are defined through a struggle among domestic actors.

While students of international politicaleconomy hold contradictory perspectives on the causes and effects of globalization, they admire the work of several scholars who have illuminated the pillars of the world economy.

Because diplomatic negotiations form the basis of new international law, and because diplomacy operates within the framework of extant international law, the study of diplomacy is an important component in the study of international politicaleconomy.

Politicaleconomy represents a nexus between politics and economics, and international politicaleconomy includes study of the area in which international politics and international economics meet.

It represents an investigation of the political basis of economic action and the economic basis of political action.

Four models of politicaleconomy are distinguished by different views as to how the government is involved with the economy.

Economies now are required to have intranational implications to succeed and these four models are the basis of what works.

Politicaleconomy has been effected directly by the global governments that in turn have established.

www.albany.edu /~em6677 (1763 words)

MIT Economics - Political Economy(Site not responding. Last check: 2007-10-22)

Politicaleconomy is the subfield of economics that considers the interplay of political actors and political institutions in determining policy outcomes.

James Snyder, who holds a joint appointment in Economics and Political Science, works on many of the core issues in collective choice and the economic and political effects of legislative institutions.

Graduate students interested in politicaleconomics can enroll in courses that are offered jointly with the political science department.

econ-www.mit.edu /about/political.htm (147 words)

Political Economy Web(Site not responding. Last check: 2007-10-22)

PoliticalEconomy seeks to study how such problems interweave and overlap, how they evolved, how they are understood, how and why certain decisions are made about them, and how these issues impact the quality of human life.

At its best, PoliticalEconomy provides the interdisciplinary tools needed to analyze strategies for social change, historically and in the present, and explore alternatives to the current global system.

PoliticalEconomy looks at societies as dynamic and ever-changing systems, comparing them in different countries and cultures and evaluating their impacts on the everyday lives of all affected people.

Allen Wallis Institute of PoliticalEconomy is a collaboration between the Departments of Economics and Political Science at the University of Rochester, with the goal of promoting research and teaching in the area of politicaleconomy, broadly defined.

We include under the rubric of politicaleconomy a spectrum of work from an applied or theoretical perspective, employing statistical or analytical methods, and with an economic or political focus.

The Rochester Economics and Political Science Departments, both nationally recognized for excellence in scholarship and teaching, have a longstanding tradition of work at the intersection of the two disciplines, making the University of Rochester a natural place to foster the emerging field of politicaleconomy.

Studies in PoliticalEconomy is an interdisciplinary journal committed to the publication of original work in the various traditions of socialist politicaleconomy.

It welcomes contributions in every field of politicaleconomy and within all the traditions of socialist scholarship, including those which question established paradigms.

Studies in PoliticalEconomy gratefully acknowledges the assistance provided by the Social Sciences and Humanities Research Council of Canada and the Faculty of Arts and Social Science, Carleton University.

This book provides a comprehensive introduction to international politicaleconomy and to the different trade and financial issues in the contemporary international system.

One of the greatest challenges of financial globalization is the potential for destabilizing nationaleconomies through a rapid outflow of capital, as seen recently in East Asia.

It will help readers to understand how politics and economics interact to produce the rules and structures of international politicaleconomy, and also to better appreciate the contemporary issues, crises, and challenges in international politicaleconomy.

Specifically, we will compare and contrast political and market solutions to collective problems; the politics of economic crises; corporations and labor in the politicaleconomy; regulation, monetary policy; and fiscal policy.

Describe how the current situation of American politicaleconomy was the logical product of the situation in 2006, and how the path from 2006 to dependent on that situation.

Be sure to identify the 5 most important indicators of the American politicaleconomy, and how they have changed.

But in the great family, all the members of which are naturally equal, the political authority, being purely arbitrary as far as its institution is concerned, can be founded only on conventions, and the Magistrate can have no authority over the rest, except by virtue of the laws.

There is nothing of all this in political society, in which the chief is so far from having any natural interest in the happiness of the individuals, that it is not uncommon for him to seek his own in their misery.

From these distinctions, applied to each political society and its members, are derived the most certain and universal rules, by which we can judge whether a government is good or bad, and in general of the morality of all human actions.

With the rise of modern politicaleconomy, though, there has also emerged an increased recognition that institutions and history matter for the manner in which human agents make their rational choices.

Unlike many other areas of economic research, however, the area of comparative politicaleconomy remains a book culture as opposed to a journal oriented one.

Your grade for this course will be determined on the basis of three exams corresponding to the three sections that constitute the course lectures, and a term paper on a topic of your choice relating to the broad area of comparative politicaleconomy.

www.gmu.edu /departments/ihs/economics/pbcomp.html (1704 words)

Book Listing by Subject: Political Economy (Economics Network)(Site not responding. Last check: 2007-10-22)

The PoliticalEconomy of New Slavery (Christien van den Anker)

The PoliticalEconomy of South-East Asia (Garry Rodan)

PoliticalEconomy and Public Finance: The Role of PoliticalEconomy in the Theory and Practice of Public Economics (Stanley L. Winer, Hirofumi Shibata (Eds.))

The first part of the course consists of a quick overview of the equilibrium concepts of game theory followed by their applications to electoral competition, distributive politics and electoral accountability.

The second part of the course will be devoted to principal-agent models and contract theory and their applications to bureaucratic politics, theories of organizations and constitution design.